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Dear Friends ,
Can.bank has come out with Outstanding results ! , it remains a buy at lower levels for the time being we fell it has topped out .
We take a trade Against the trend of the stock as there is good money to be made if nifty Remains below 5450 .
Sell Canbank July / Aug futures 2mro july 21st around 490- 500 , keep a wide stoploss around 520 for a target 420-400 Very soon.
Max risk of just 10,000Rs in 1lot with Profit potential of around 40,000-50,000 Rs
Good luck
Can.bank has come out with Outstanding results ! , it remains a buy at lower levels for the time being we fell it has topped out .
We take a trade Against the trend of the stock as there is good money to be made if nifty Remains below 5450 .
Sell Canbank July / Aug futures 2mro july 21st around 490- 500 , keep a wide stoploss around 520 for a target 420-400 Very soon.
Max risk of just 10,000Rs in 1lot with Profit potential of around 40,000-50,000 Rs
Good luck
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